Metalcrafts Inc. Selected information from the company's financial records is presented below:

Equipment, December 31, 2022	$300,000
Equipment, December 31, 2023	400,000
Accumulated depreciation, December 31, 2022	80,000
Accumulated depreciation, December 31, 2023	60,000

During 2023, the company sold equipment with a cost of $50,000 and accumulated depreciation of $30,000. A gain of $10,000 was recognized on the sale of the equipment. This was the only equipment sale during the year.

What was depreciation expense for 2023?

Question 50 options:

	$30,000
	$10,000
	$40,000

Metalcrafts Inc. Selected information from the company's financial records is presented below:

Equipment, December 31, 2022	$300,000
Equipment, December 31, 2023	400,000
Accumulated depreciation, December 31, 2022	80,000
Accumulated depreciation, December 31, 2023	60,000

During 2023, the company sold equipment with a cost of $50,000 and accumulated depreciation of $30,000. A gain of $10,000 was recognized on the sale of the equipment. This was the only equipment sale during the year.

What was depreciation expense for 2023?

Question 50 options:

	$30,000
	$10,000
	$40,000
	50000

Selected data from La Paz Restaurants' financial statements are presented below:

	2022	2021
Net income	$110,000	$123,000
Cash dividends paid on common stock	$21,000	$38,000
Year-end market price per share of common stock	$12.00	$13.00
Shares of common stock outstanding	140,000	140,000

The 2022 dividend yield ratio is reported as

Question 25 options:

	1.25%.
	1.59%.
	0.057%.
	2.09%.